Insigneo Advisory Services LLC Raises Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Insigneo Advisory Services LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 100.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,509 shares of the company’s stock after buying an additional 58,873 shares during the quarter. iShares Bitcoin Trust accounts for approximately 0.6% of Insigneo Advisory Services LLC’s portfolio, making the stock its 22nd largest holding. Insigneo Advisory Services LLC’s holdings in iShares Bitcoin Trust were worth $6,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth approximately $303,000. Orion Portfolio Solutions LLC boosted its position in iShares Bitcoin Trust by 9.4% during the third quarter. Orion Portfolio Solutions LLC now owns 8,101 shares of the company’s stock worth $293,000 after purchasing an additional 694 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in iShares Bitcoin Trust by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company’s stock valued at $58,000 after purchasing an additional 450 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in shares of iShares Bitcoin Trust in the third quarter valued at $353,000. Finally, Sanctuary Advisors LLC raised its stake in shares of iShares Bitcoin Trust by 723.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 88,811 shares of the company’s stock worth $3,209,000 after buying an additional 78,022 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $47.74 on Wednesday. The company’s 50-day moving average price is $49.41 and its 200 day moving average price is $49.81. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

iShares Bitcoin Trust Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.